Top Stocks With Insider Buying, Buybacks

Updated from 6:59 a.m. EDT

Part of the philosophy of Stockpickr is to follow in the footsteps of smart people. This could mean a few different things.

It could mean piggybacking great investors such as Warren Buffett or George Soros. Or it could mean buying what the CEOs, employees and directors of a company are buying -- these are people who know the intimate details of their companies far better than you or me.

The perfect setup is when one of these company insiders or an entire board (in the case of a stock buyback) are buying shares at the same time that some smart savvy investors are as well.

Every week, we update the Stockpickr Top 10 Insider Purchases and Buybacks portfolio, featuring the stocks that had either big insider purchases or newly announced buybacks that week, as well as "smart money" accumulating shares.

This week's portfolio includes Corning(GLW Quote) and Alliance Data(ADS Quote).

For the rest of the story, please click here.

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A note from James Altucher:

Every weekend I send an email to Jim Cramer and several hedge fund managers about the most interesting portfolios posted on Stockpickr that week. Usually those portfolios not only list stocks according to a theme but also offer significant analysis as to why the stocks are cheap.

Here are some examples:

• Stocks related to drilling the Marcellus Shale
• MLPS with yields above 7%
• Microcaps trading for less than tangible book
• Stocks that do well after Hurricanes

Here's the challenge: Build a portfolio at Stockpickr.com with great analysis, and send me the link. Each great portfolio (with analysis) will get posted on TheStreet.com with your byline (as a "Stockpickr Guest Columnist") and will be included in my email I send to Jim and the other hedge fund managers on my list.